AFC Energy (LON:AFC) Shares Pass Below 200-Day Moving Average – What’s Next?

AFC Energy plc (LON:AFC)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.48 and traded as low as GBX 8.30. AFC Energy shares last traded at GBX 8.45, with a volume of 5,016,240 shares traded.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating on shares of AFC Energy in a research report on Monday, September 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

AFC Energy Stock Up 0.8%

The firm has a market capitalization of £95.62 million, a P/E ratio of -3.67 and a beta of 2.96. The company has a fifty day simple moving average of GBX 9.24 and a 200 day simple moving average of GBX 10.52. The company has a quick ratio of 12.18, a current ratio of 4.87 and a debt-to-equity ratio of 2.13.

Insider Transactions at AFC Energy

In other news, insider Gary Bullard bought 100,000 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of GBX 9 per share, with a total value of £9,000. Also, insider John Wilson purchased 150,000 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were purchased at an average price of GBX 9 per share, for a total transaction of £13,500. Over the last 90 days, insiders have acquired 550,000 shares of company stock valued at $4,950,000. 4.41% of the stock is owned by company insiders.

About AFC Energy

AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition.

Based in the UK, the Company’s scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.